April 4th, 2010

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Salvage Car Auto Insurance

Sunday, April 4th, 2010

I see on Yahoo Answers and other internet forums that a lot of people ask, can I get car insurance for a salvage car? The answer is yes, you can get auto insurance for a salvage car, but it will be very difficult. Many insurance companies do not want to take the risk of insuring a salvage car. Although the term salvage can mean many things, generally it means that car was involved on an accident and the damages exceeded the value of the car. This is not always the case, but this is generally how auto insurance companies view it.

If you own a salvage vehicle and you are looking to get auto insurance, you will have to spend sometime online or calling around to smaller auto insurance companies. Also with a salvage car, you’ll most likely only be able to get liability coverages.

Many people who buy salvage cars generally use them for parts or for special track use that doesn’t require the car to be insured. If you want my honest opinion, do not buy a salvage car because you will have a hard time finding auto insurance! But if you do have a salvage car, definitely spend sometime shopping around the cheapest insurance quote!

California Strict About Auto Insurance

Sunday, April 4th, 2010

Every driver in California is required to have auto insurance by law. Statistics show that 1 in 5 people in California do not have auto insurance. Auto Insurance can be expensive and nuisannce especially during this tough economy. People are willing to take the risk to drive on the open road without having car insurance. Auto insurance is absoultely necessary because it protects you.

If you are caught in driving in California without having proper proof for auto insurance, the officer will issue you a fix it ticket. If you have insurance prior to the date of getting the ticket, you can bring your auto insurance slip or policy papers to the court and pay a fix it ticket fine (probably under $35) If you don’t have auto insurance, your ticket is $500+!! After you pay the $500+ ticket, you will then be forced to get auto insurance before you can get back on the road! Now think of it this way, $500 can pay for a full year or half a year of auto insurance depending on your policy! Why waste $500 for nothing? So the lesson here is, remember to have auto insurance or you’ll be wasting a lot of money in court fees and most importantly risking yourself in the event of an accident.

Finding cheap auto insurance is not hard. There is a lot of useful information on this site and I encourage everyone who is shopping for  auto or motorcycle insurance policy to look around. Do your research and most importantly shop around before you buy!

Turn 21 today!

Buyer’s Guide to Cheap Motorcycle Insurance

Sunday, April 4th, 2010

So you are looking at getting new Motorcycle? Before you head on to the dealership to purchase, you want to make sure you have motorcycle insurance lined up first! In some certain States such as California, you can’t even purchase a motorcycle without having motorcycle insurance lined up first! So, how do you get a cheap motorcycle insurance quote?

Just like getting a loan, you shop around. There are many companies that offer motorcycle insurance and your best bet in finding a cheap insurance company is to shop around and compare.

Here are some factors that motorcycle insurance companies will look at before they determine your insurance rates.

1. Your Personal Liabilities

Motorcycle insurance is similar to auto insurance. Your age and driving record will affect your insurance rates. If you have speeding tickets or accidents your rates will be high. Same with being age, if you are a first time rider and being young, your rates will be higher then an experienced rider with a clean record.

2. Where You Live & Storage

Where you live and where you work will affect your insurance rates as well. If you live or work in a high crime area, your insurance rates will be higher. A garage, an alarm or any other form of security is required for a motorcycle. Leaving your motorcycle outside with no security is a high risk for insurance companies

3. The Bike

Just like cars, the older bike is going to cost more then the new sports bike.

4. How much you ride

Depending on where you live and how often you ride will affect your rates as well. If you live in a country area with lots of twisty roads, your insurance rates might be higher. If you are only using this bike on the weekends or occasional purposes, make sure you tell your motorcycle insurance company agent and your rates should be lower.

5. Avoid Over Insuring

It doesn’t matter how much insurance you buy, because you’ll never get more then market value for your bike in the event of an accident. Keep in mind that your motorcycle insurance rate is not just based on your bike, but also your riding habits, age, and riding record. Once you find out exactly how you are going to be riding, you can then pick a insurance plan.

3rd Party Liability: Insurance that covers other people and their property in the event of an accident that is your fault.  Instead of you personally paying for the damage to the other party’s property, your insurance pays the bill.  It doesn’t cover damage to you or your property.  Most states require you to have at least liability insurance on your bike.

Full Coverage Insurance: (also called “comprehensive”) is available in different amounts, and will cover you and your property in an accident, whether the event was your fault, someone else’s, or “no-fault”.  Full coverage also extends to any passengers on your bike present in the accident.

Remember that having motorcycle insurance is very important as a rider. In the event of an accident, a serious injury is much more likely occur then being in a car accident. You want to make sure you are covered and protected at all times. The best way to get the cheapest motorcycle insurance rates is to do your research and compare!

Turn 21 today!